There's no doubt uncertainty and the recent volatility in the ASX share market can make trading a little unnerving for investors. But this roller-coaster ride we're on may have opened up some big opportunities in June 2022, according to experts.
While no-one can know what share prices are going to do, particularly in the shorter-term, it's possible to search for good value investments that could do well over the longer-term.
Experts like to analyse ASX shares and aim to identify the ones that could deliver good returns. It's up to investors to decide if they agree with the optimism (or negativity).
Sometimes brokers get it wrong, but here are two ASX shares that they rate as having sizeable upside.
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Charter Hall Group (ASX: CHC)
Charter Hall is one of the largest property managers in Australia. It looks after more than $60 billion in properties, and has a property development pipeline worth $13.2 billion.
It also recently extended its funds management business into another asset class, with the 50% acquisition of the $18.2 billion equities fund manager Paradice Investment Management. Paradice invests on behalf of wholesale and retail investors across domestic and global listed equities.
Credit Suisse currently rates Charter Hall as a buy with a price target of $16.71. That implies a possible rise of more than 30%.
Looking at the projection for FY23, Credit Suisse thinks that the Charter Hall share price is valued at 14x FY23's estimated earnings, with a predicted distribution yield of 4.9%.
One of the latest moves by the ASX share is, as part of a partnership, to buy the ASX property business Irongate Group (ASX: IAP). Although interest rates are rising, Credit Suisse's judgements are taking that into account with Charter Hall.
Pacific Smiles Group Ltd (ASX: PSQ)
This company owns and operates the Pacific Smiles Dental Care Centres and the nib Dental Care Centres which are located throughout Australian Capital Territory, New South Wales, Victoria and Queensland.
Pacific Smiles said it was "committed to delivering outstanding patient care and customer service through a growing network of quality dental centres which provide practitioners, patients, private health insurers and other third-party funders with services and care."
With a plan to expand its portfolio steadily, Pacific Smiles says it's on track to open between 15 to 20 new centres in FY22. By the end of May, it expected to have 125 centres, as well as six centres in the HBF Dental network.
Pacific Smiles recently said that in the financial year to date to April 2022, total patient fees of $183.8 million were down 8.2%. Comparable patient fees from dentist centres that have been operating for more than 12 months were down 12.4%.
But, total patient fees for the period of February 2022 to April 2022 were only down 3.1% year on year.
Morgan Stanley has a price target of $3 on the company. That implies a possible rise of more than 100% for the dental business. One of the main positives for the broker is the expansion of the network.
